Reports have emerged that Trump will nominate David Malpass, a Treasury Department official, to be the new head of the World Bank. Malpass is an outspoken critic of the World Bank, saying it is overly intrusive. Malpass previously worked on Wall Street as the chief economist of Bear Stearns. In 2007, he wrote a Wall Street Journal op-ed titled “Don’t Panic About the Credit Market”—less than a year before the collapse and subsequent sale of Bear Stearns amid the 2008 financial crisis.